Spotify To Announce Layoffs This Week 

Spotify Technology, the Swedish audio streaming giant, is preparing to announce layoffs as soon as this week. <br />Bloomberg reports that the number of job cuts under consideration at the popular streaming service is not clear, citing unnamed people who are familiar with the matter. <br />Tech firms have cut thousands of jobs in the last year as slowing advertising revenues and recession fears prompt reassessments of headcounts that ballooned during the COVID-19 pandemic.